Analysts expect Sterling Construction Company, Inc. (NASDAQ:STRL) to report $0.23 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Sterling Construction’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.18. Sterling Construction also reported earnings per share of $0.23 in the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Sterling Construction will report full-year earnings of $0.94 per share for the current fiscal year, with EPS estimates ranging from $0.93 to $0.95. For the next fiscal year, analysts expect that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.20 to $1.38. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Sterling Construction.
Sterling Construction (NASDAQ:STRL) last announced its quarterly earnings results on Monday, May 7th. The construction company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The company had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $203.10 million. Sterling Construction had a net margin of 1.59% and a return on equity of 13.26%. Sterling Construction’s revenue was up 45.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS.
A number of analysts recently commented on STRL shares. TheStreet upgraded shares of Sterling Construction from a “c+” rating to a “b” rating in a research note on Friday, June 1st. ValuEngine cut shares of Sterling Construction from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 27th. Zacks Investment Research upgraded shares of Sterling Construction from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Friday, June 15th. Finally, BidaskClub upgraded shares of Sterling Construction from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.00.
Shares of STRL stock opened at $13.02 on Friday. The company has a market cap of $357.20 million, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.28 and a beta of 0.40. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.61 and a current ratio of 1.62. Sterling Construction has a 12 month low of $9.42 and a 12 month high of $18.90.
In other Sterling Construction news, Director Marian M. Davenport sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $12.81, for a total value of $102,480.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC bought a new position in shares of Sterling Construction in the 4th quarter worth $14,188,000. Tygh Capital Management Inc. bought a new position in shares of Sterling Construction in the 1st quarter worth $3,945,000. Renaissance Technologies LLC increased its holdings in shares of Sterling Construction by 17.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,924,700 shares of the construction company’s stock worth $31,334,000 after buying an additional 283,200 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Sterling Construction in the 1st quarter worth $2,134,000. Finally, Citadel Advisors LLC bought a new position in shares of Sterling Construction in the 1st quarter worth $1,611,000. Institutional investors and hedge funds own 77.13% of the company’s stock.
Sterling Construction Company Profile
Sterling Construction Company, Inc, together with its subsidiaries, operates as a heavy civil and residential construction company in Arizona, California, Colorado, Hawaii, Nevada, Texas, Utah, and other states in the United States. The company's Heavy Civil Construction segment undertakes heavy civil construction projects, including highways, roads, bridges, airfields, ports, light rail, water, wastewater and storm drainage systems, foundations for multi-family homes, commercial concrete projects, and parking structures.
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